SITEWARE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SITEWARE
Largest movements
- Current investments +€66,602
up €66,602 (+72.9%), from €91,313 to €157,915
- Receivables within one year -€14,946
down €14,946 (-49.1%), from €30,461 to €15,515
of which Trade receivables: -€14,947
- Tangible fixed assets -€8,610
down €8,610 (-21.6%), from €39,949 to €31,339
of which Furniture and vehicles: -€9,526
- Reserves +€38,153
up €38,153 (+21.1%), from €180,603 to €218,756
of which Distributable reserves: +€40,013
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin +€29,414
up €29,414 (+65.4%), from €44,965 to €74,379
- Taxes +€11,147
up €11,147 (+97.2%), from €11,464 to €22,611
- Financial income -€3,057
down €3,057 (-22.9%), from €13,326 to €10,269
- Financial charges -€3,049
down €3,049 (-68.0%), from €4,482 to €1,433
- Other operating charges -€906
down €906 (-73.8%), from €1,228 to €322
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €289,935 | €333,962 | +€44,027 | +15.2% |
| Fixed assets | 21/28 | €41,449 | €32,839 | -€8,610 | -20.8% |
| Tangible fixed assets | 22/27 | €39,949 | €31,339 | -€8,610 | -21.6% |
| Plant, machinery and equipment | 23 | €1,117 | €2,033 | +€916 | +82.0% |
| Furniture and vehicles | 24 | €38,832 | €29,306 | -€9,526 | -24.5% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €248,486 | €301,123 | +€52,637 | +21.2% |
| Amounts receivable within one year | 40/41 | €30,461 | €15,515 | -€14,946 | -49.1% |
| Trade receivables | 40 | €30,461 | €15,514 | -€14,947 | -49.1% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Current investments | 50/53 | €91,313 | €157,915 | +€66,602 | +72.9% |
| Cash at bank and in hand | 54/58 | €125,364 | €127,107 | +€1,743 | +1.4% |
| Deferred charges and accrued income | 490/1 | €1,348 | €586 | -€762 | -56.5% |
| Total equity and liabilities | 10/49 | €289,935 | €333,962 | +€44,027 | +15.2% |
| Equity | 10/15 | €239,877 | €284,230 | +€44,353 | +18.5% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €180,603 | €218,756 | +€38,153 | +21.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €178,743 | €218,756 | +€40,013 | +22.4% |
| Profit (loss) carried forward | 14 | €46,874 | €46,874 | +€0 | 0.0% |
| Amounts payable | 17/49 | €50,058 | €49,733 | -€325 | -0.7% |
| Amounts payable within one year | 42/48 | €47,742 | €45,333 | -€2,409 | -5.0% |
| Trade debts | 44 | €5,961 | €3,101 | -€2,860 | -48.0% |
| Suppliers | 440/4 | €5,961 | €3,101 | -€2,860 | -48.0% |
| Taxes, remuneration and social security | 45 | €15,154 | €15,050 | -€105 | -0.7% |
| Taxes | 450/3 | €15,154 | €15,050 | -€105 | -0.7% |
| Other amounts payable | 47/48 | €26,627 | €27,183 | +€556 | +2.1% |
| Accrued charges and deferred income | 492/3 | €2,316 | €4,399 | +€2,083 | +90.0% |
| Non-recurring operating income | 76A | - | €5,041 | +€5,041 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,845 | €12,212 | -€633 | -4.9% |
| Other operating charges | 640/8 | €1,228 | €322 | -€906 | -73.8% |
| Non-recurring operating charges | 66A | - | €72 | +€72 | |
| Gross operating margin | 9900 | €44,965 | €74,379 | +€29,414 | +65.4% |
| Operating profit (loss) | 9901 | €30,892 | €61,774 | +€30,882 | +100.0% |
| Financial income | 75/76B | €13,326 | €10,269 | -€3,057 | -22.9% |
| Recurring financial income | 75 | €13,326 | €10,269 | -€3,057 | -22.9% |
| Financial charges | 65/66B | €4,482 | €1,433 | -€3,049 | -68.0% |
| Recurring financial charges | 65 | €4,482 | €1,433 | -€3,049 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €39,736 | €70,610 | +€30,874 | +77.7% |
| Income taxes | 67/77 | €11,464 | €22,611 | +€11,147 | +97.2% |
| Profit (loss) for the period | 9904 | €28,272 | €47,999 | +€19,727 | +69.8% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €28,272 | €47,999 | +€19,727 | +69.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.